Tran Ngoc Bich, 40, Thanh's younger daughter.
According to the prosecution, Thanh and his daughters provided loans to many people at an interest rate of 3% per month from January 2019 to November 2020.
Instead of forming loan contracts, they allegedly coerced them into signing sale contracts at prices significantly lower than the actual value of the collateral.
When the borrowers paid back the money with interest, Thanh would use different reasons to not give back the assets he took.
The trio is accused of misappropriating assets from four individuals, including two property projects and 35 land lots, amounting to a total of VND1.048 trillion.
Thanh and Phuong were arrested in April 2023, while Bich remained out of custody.
The trial is scheduled to run until April 25.
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